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Why Elon Musk bought Twitter shares

elon musk

Twitter shares took an unexpected turn on Tuesday when Elon Musk, the founder of SpaceX and Tesla, bought nearly $10 million worth of Twitter stock. Musk may be an experienced businessman who’s built companies worth billions, but many were confused by his decision to invest in the social media platform that has struggled to attract investors and remain relevant in the digital age. To understand Musk’s move and why it could benefit him more than Twitter itself, check out this breakdown of why Elon Musk bought Twitter shares.

 

Elon Musk

Billionaire Elon Musk has a new investment and it’s going to shock you. No, he didn’t purchase another luxury car or private island—this time he bought stock in Twitter. He even purchased $10 million worth of stock. Why would a billionaire invest in a struggling social media company? Let’s talk about why Elon Musk made such an interesting move with his money.

 

Tesla Motors

Tesla is currently under attack by Wall Street sharks who think they can tear Elon Musk and Tesla Motors apart. Elon has a history of proving his critics wrong, but it will take a huge effort from all of us to let him know that we believe in him.

 

The Boring Company

If you were impressed by The Boring Company’s test tunnel underneath Los Angeles, wait until you hear about its next project: a machine that drills tunnels 50 times faster than current technology. Yes, seriously.

 

Artificial Intelligence

The more we rely on artificial intelligence, data and social media as a part of our lives, it seems only natural that we’d want to get in on a piece of that pie.

 

Neuralink Corporation

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The latest news out of Elon Musk’s camp is that he has founded a company called Neuralink. The business is developing technology to connect our brains to computers.

 

Open AI non-profit organisation

In a recent interview, Elon Musk said that in 2 years he will buy any stock, at any price and even in a private company. All those were pointing to one and only thing: Tesla’s self-driving cars are ready!

 

Self-Driving Cars

On August 12, 2016, it was announced that Elon Musk had purchased around $9.85 million in Tesla stocks. The total amount of his investment? Exactly $55 million

Also read:

Elon Musk’s arrival stirs fears among some twitter employees

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